Financials Northern Islami Insurance Limited

Equities

NORTHRNINS

BD0737NGIC03

Property & Casualty Insurance

End-of-day quote Dhaka S.E. 03:30:00 16/05/2024 am IST 5-day change 1st Jan Change
42.5 BDT +3.16% Intraday chart for Northern Islami Insurance Limited +1.19% -0.70%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 1,015 750.8 1,075 2,022 2,295 1,689
Enterprise Value (EV) 1 724.5 449.6 680.4 1,541 1,718 917.7
P/E ratio 14.6 x 10.7 x 14.6 x 27.2 x 30.6 x 22 x
Yield 4.2% 5.68% 3.97% 2.11% 1.86% 2.53%
Capitalization / Revenue 3.28 x 2.34 x 2.25 x 2.87 x 3.3 x 2.05 x
EV / Revenue 2.34 x 1.4 x 1.43 x 2.19 x 2.47 x 1.11 x
EV / EBITDA 6.22 x 3.87 x 6.22 x 14.7 x 16.6 x 8.45 x
EV / FCF 8.29 x 12.7 x 9.75 x 8.43 x 13.2 x 5.33 x
FCF Yield 12.1% 7.9% 10.3% 11.9% 7.6% 18.8%
Price to Book 1.19 x 0.85 x 1.29 x 2.34 x 2.56 x 1.71 x
Nbr of stocks (in thousands) 42,660 42,660 42,660 42,660 42,660 42,660
Reference price 2 23.80 17.60 25.20 47.40 53.80 39.60
Announcement Date 30/04/18 27/04/19 26/08/20 31/05/21 27/04/22 06/07/23
1BDT in Million2BDT
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 309.9 320.6 477.1 703.9 695.2 824.6
EBITDA 1 116.6 116.2 109.4 105.1 103.3 108.6
EBIT 1 101.4 100.1 93.65 89.64 88.9 92.21
Operating Margin 32.73% 31.22% 19.63% 12.73% 12.79% 11.18%
Earnings before Tax (EBT) 1 99.03 99.55 93.02 88.68 88.21 90.07
Net income 1 69.42 70.49 73.53 74.3 75.07 76.75
Net margin 22.4% 21.99% 15.41% 10.56% 10.8% 9.31%
EPS 2 1.627 1.652 1.724 1.742 1.760 1.799
Free Cash Flow 1 87.39 35.53 69.76 182.8 130.6 172.3
FCF margin 28.2% 11.08% 14.62% 25.97% 18.79% 20.89%
FCF Conversion (EBITDA) 74.98% 30.57% 63.74% 173.92% 126.48% 158.68%
FCF Conversion (Net income) 125.89% 50.4% 94.87% 246.05% 173.98% 224.51%
Dividend per Share 2 1.000 1.000 1.000 1.000 1.000 1.000
Announcement Date 30/04/18 27/04/19 26/08/20 31/05/21 27/04/22 06/07/23
1BDT in Million2BDT
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 291 301 395 481 577 772
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 87.4 35.5 69.8 183 131 172
ROE (net income / shareholders' equity) 8.5% 8.15% 9.01% 8.77% 8.54% 8.15%
ROA (Net income/ Total Assets) 5.26% 4.74% 4.12% 3.47% 3.05% 2.73%
Assets 1 1,321 1,486 1,783 2,143 2,464 2,809
Book Value Per Share 2 20.00 20.60 19.50 20.20 21.00 23.20
Cash Flow per Share 2 6.820 7.060 9.250 11.30 13.50 18.10
Capex 1 27.9 14.3 5.53 4.13 8.11 20.6
Capex / Sales 9% 4.47% 1.16% 0.59% 1.17% 2.5%
Announcement Date 30/04/18 27/04/19 26/08/20 31/05/21 27/04/22 06/07/23
1BDT in Million2BDT
Estimates
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